Closing the financial education gap

With an endless array of investment choices, financial jargon and information at your disposal, Louise prides herself on not only keeping you in-the-know, but keeping things simple. She believes that by providing you with the right tools, education and resources, you’ll be well informed, allowing you to make better, methodical decisions, leaving you feeling confident about your financial well-being.

Take a look at our upcoming seminars that focus on Financial Literacy.

Making financial education a priority now and in the future.

An important part of Louise’s practice is ensuring the next generation is well equipped for the generational transfer of wealth. In the coming years and decades, it’s estimated that approximately $400 billion will be passed down to inheritors in Canada. It’s a powerful stat that carries with it many underlying questions and considerations for both the giving and the receiving generations, a common one of which is whether inheritors are prepared. Louise makes it a priority to focus on younger generations, by providing them with the resources and tools needed to be confident and capable as they gain financial independence and as many become receivers of wealth.

Financial Literacy Education Series

Financial Literacy is a life skill. When approached early, financial literacy offers tools for you to build sound financial management skills. Explore this series which is specifically designed for individuals 16 years of age and older and provides a platform that focuses on the benefits that an early approach to financial literacy can offer. Be more confident and capable as you gain financial independence with financial literacy knowledge!

 

Session #1 - Budgeting, Income and Taxation

In this first session we examine key different aspects of money and Budgets and discuss Income and Taxation. In this session you will learn what money is and how it can be used, the concept of ‘pay yourself first’ and the pros and cons of saving versus spending, what a budget is, why you should use one, and how you create one and how to set realistic goals for saving, using a magic budget formula. We also cover some basic information about taxes, the difference between marginal and average tax rates, and how they apply to each source of income. Our main objective in this session is to ensure you learn more about the power of using a budget as a planning tool to help you save money and the importance of having a basic understanding of how taxes impact what you earn.

 

Session #2 - Banking, Interest and Credit

In this session you will learn more about Banking, Interest and Credit. Specifically we share an overview of different types of financial institution, the services and account types that they offer. We will also explain what interest is, where it goes, how it works, how it is calculated and share the benefits of compound interest. Finally we examine the other side of the equation….namely debt or credit and explain what credit is and the concept of a credit score. In addition we take a closer look at borrowing options including mortgages. We hope you enjoy this session and as always please email me if you have any questions. Our goal in this session is to ensure you leave understanding the various bank account options available, how interest applies to you and learn some new ways to more efficiently save and manage your money.

 

Session #3 - Benefits of Wealth Planning

In this session we discuss the benefits of wealth planning and review the three most common wealth stages an individual experiences throughout their lifetime, focusing on early saver and mid-live accumulators.  For these two groups we walk you through the planning process.  We also look at the rules for ‘signing’ documents in Canada., the various categories of documents and which ones are the most common in the banking and investing worlds.  We also provide some insight into the different account opening forms you will likely come across at some point in your lives. And lastly, we look at legal documentation used in the wealth planning process.  We cover a lot in this session but our goal as always is to leave you with an understanding of why it is so important to do some planning before you start investing and introduce you to some of the most commonly used contracts in Wealth and Investment Management.  We encourage you to contact us after you review this lesson with any questions you may have.  Enjoy!

 

 

Session #4 - Account Types and Asset Classes

In this session we take a few minutes for a quick refresh on different types of accounts, review the term ‘asset classes’ and look at why an investor would use a particular asset class to help achieve their financial goals. More specifically we explain which account types are taxable and non-taxable, and what the terms Registered and Non-Registered mean and describe what a brokerage firm is in comparison to a bank. We then shift gears a bit and review the main types of asset classes (cash, bonds, and stocks) and their risk and return profiles and discuss inflation and the impact it has on asset classes. Our goal after you have reviewed this session is ensure that you have a solid understanding of the various registered and non-registered tools to help you manage your money and an understanding of the different asset classes and their risk and return profiles. We encourage you to contact us after you review this lesson with any questions you may have. Enjoy!